Short Interest in Brenntag AG (OTCMKTS:BNTGY) Declines By 66.1%

Brenntag AG (OTCMKTS:BNTGY) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 5,748 shares, a drop of 66.1% from the May 14th total of 16,940 shares. Based on an average daily volume of 59,261 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BNTGY shares. UBS Group raised Brenntag from a “sell” rating to a “neutral” rating in a research report on Thursday, April 30th. Jefferies Financial Group raised Brenntag from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Brenntag in a research report on Friday, May 15th. Eight analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $12.80.

Brenntag Stock Performance

Shares of OTCMKTS BNTGY opened at $12.75 on Thursday. Brenntag has a 1 year low of $10.19 and a 1 year high of $14.97. The firm has a market cap of $9.20 billion, a price-to-earnings ratio of 34.46 and a beta of 0.64. The stock’s 50-day simple moving average is $13.68 and its 200-day simple moving average is $12.51.

Brenntag (OTCMKTS:BNTGY) last announced its earnings results on Wednesday, May 13th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Brenntag had a return on equity of 5.38% and a net margin of 1.55%.The business had revenue of $4.29 billion for the quarter, compared to analysts’ expectations of $4.33 billion. As a group, research analysts predict that Brenntag will post 0.8 EPS for the current year.

About Brenntag

Brenntag SE, trading on OTCMKTS as BNTGY, is a global market leader in the distribution of chemicals and ingredients. With headquarters in Essen, Germany, the company serves a wide range of industries including coatings and construction, cleaning and water treatment, food and nutrition, pharmaceuticals and personal care, as well as oil and gas. Brenntag operates through two core segments—Essentials and Specialties—offering both standard commodity chemicals and tailored specialty solutions to customers around the world.

Its product portfolio encompasses inorganic and organic chemicals, polymers, petrochemicals and specialty ingredients.